Budget 2016-17 changes in customs import duty tariff,excise duty and service tax
Indian Union Budget 2016-2017, changes in import customs tax tariff, chapter wise
Indian Budget 2016-17, Excise duty tariff changes, chapter wise
Changes in Service Tax as per Budget 2016-17
As per Indian Budget 2016-17, the extract of notification on changes of import customs duty tariff for this chapter is given under:
1) Basic Customs duty on golf cars  is being increased from 10% to 60%. S. No. 441 of notification No.12/2012-Customs as omitted by notification No. 12/2016-Customs, dated 1st March, 2016 refers.
2) The validity period of exemption granted to specified goods for the use in the manufacture of electrically operated vehicles and hybrid vehicles is being extended without time limit. Clauses (g) and (h) of proviso to notification No. 12/2012-Customs, as omitted by notification No. 12/2016-Customs, dated 1st March, 2016 refers.
3) The description “Engine for HV(Atkinson cycle)” appearing in S. No. 440 of notification No. 12/2012-Customs is being changed to “Engine for xEV(hybrid electric vehicle)”. Notification No. 12/2012-Customs as amended by notification No. 12/2016-Customs, dated 1st March, 2016 refers.
4) The entry of 6% appearing in column 5 of Sl. No. 439 and 440 of notification No. 12/2012-Customs is being omitted. Notification No. 12/2012-Customs as amended by notification No. 12/2016-Customs, dated 1st March, 2016 refers. 6% Concessional CVD on imports will, however, continue by virtue of 6% concessional excise duty under S. No. 296 and 297 of the Notification No. 12/2012-Central Excise dated 17.03.2012.
Click here for full notification changes in Import Customs duty and excise duty under India Budget 2016-17 Import customs duty,Excise duty changes Budget 2016.pdf
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Any changes in import duty for motor cars & vehicles for transporting persons as per recent Indian Budget
Present import taxes for motor cars & vehicles for transporting persons as per new India Budget
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Import duty charges payable for chassis w eng for trac, mtr veh f pass/gd & special pur
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Import tax to be paid for trailers in India under new Budget 2016-17
Percentage of import duty for baby carriages in Indian Budget
Import tax charges for parts & access for cycles & invalid carriages as per recent India Budget
Import duty charges for invalid carriages, mechanically propelled or not under Budget 2016-17
OLP and PTCR for manufacture of refrigerator compressor exemption clarification
clarification on exemption of Liquefied Natural Gas (LNG) for SEZ
Exemption of Excise duty of BCD and CVD on power project
No refund of SAD under notification No.102/2007-Customs dated 14.09.2007
Tax changes for specified goods imported for petroleum exploration under Indian Budget 2016-17
Direct imports by Government will attract customs duties
Exemption for disposable sterilized dialyzer and micro barrier of artificial kidney
Excise duty CENVAT is being levied on articles of jewellery under Indian Budget 2016-17
Excise duty CENVAT for readymade garments and made up articles of textiles
Tax changes in sectors of Agriculture, rural economy and environment under Indian Budget 2016-17
Indian Budget 2016-17 Tax proposals for Pensioners
Domestic incentives in addition to Make In India campaign, Indian Budget 2016-17
Nil duty for Braille paper as per Budget 2016-17
Reduces rate of refrigerated containers, Indian Budget 2016-17
Exemption of ST for General Insurance services, Indian Budget 2016-17
Service Tax changes for DUGKY as per Indian Budget 2016-17
Income tax benefits to securitization trusts including trusts of ARCs as per Budget 2016-17
Indian Budget 2016-17, benefits to researchers for patent
Indian Budget 2016-17, benefits to start up companies
Income tax exemptions for small and medium enterprises MSME
To Boost use of refrigerated containers, FM proposed to reduce the basic custom,Indian budget 2016 - 17
1 per cent service charge on purchase of luxury cars over Rs. 10 lakh, Indian Budget 2016-17
September 30 to be the deadline followed for undisclosed income, Indian Budget 2016-17
1% CESS on petrol cars and 2.5% CESS on diesel cars, Union Budget 2016-17
4% High Capacity Tax on SUV'S , Indian budget 2016-17.
No change in Income tax slabs, Indian Budget 2016-17
Additional levy of 1% on luxury cars, Indian Budget 2016-17
200% penalty on misreporting income, Union Budget 2016-17
EXCISE DUTY of 1% UP on JEWELRIES, Indian budget 2016-17
Tobacco tax goes up to 10-15%, Indian Budget 2016-17
1% increase on cess on CNG and PETROL cars, Indian budget 2016-17
Tobacco products except beedi goes on hike, Indian Budget 2016-17
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